S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
NASDAQ:PENN

Penn National Gaming (PENN) Stock Forecast, Price & News

$31.79
+1.12 (+3.65%)
(As of 05/20/2022 04:00 PM ET)
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Today's Range
$30.41
$31.83
50-Day Range
$29.05
$44.91
52-Week Range
$28.30
$86.40
Volume
5.00 million shs
Average Volume
4.48 million shs
Market Capitalization
$5.30 billion
P/E Ratio
14.19
Dividend Yield
N/A
Beta
2.35
30 days | 90 days | 365 days | Advanced Chart
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Penn National Gaming logo

About Penn National Gaming

Penn National Gaming, Inc., together with its subsidiaries, owns and manages gaming and racing properties, and operates video gaming terminals. It operates through five segments: Northeast, South, West, Midwest, Interactive. The company offers casino gaming, online gaming, live racing, sports betting, and digital sports content. As of December 31, 2021, the company owned, managed, or had ownership interests in 44 gaming and racing properties in 20 states. It owns various trademarks and service marks, including, Ameristar, Argosy, Boomtown, Greektown, Hollywood Casino, Hollywood Gaming, Tropicana Las Vegas, L'Auberge, M Resort, and My Choice. The company was formerly known as PNRC Corp. and changed its name to Penn National Gaming, Inc. in 1994. Penn National Gaming, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.

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Industry, Sector and Symbol

Industry
Hotels & motels
Sub-Industry
Casinos & Gaming
Current Symbol
NASDAQ:PENN
CUSIP
70756910
Employees
21,973
Year Founded
1972

Sales & Book Value

Annual Sales
$5.91 billion
Cash Flow
$4.82 per share
Book Value
$23.58 per share

Profitability

Net Income
$420.80 million
Pretax Margin
8.50%

Debt

Price-To-Earnings

Miscellaneous

Free Float
163,784,000
Market Cap
$5.30 billion
Optionable
Optionable

Company Calendar

Last Earnings
5/05/2022
Today
5/22/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.46 out of 5 stars

Consumer Discretionary Sector

123rd out of 397 stocks

Hotels & Motels Industry

13th out of 35 stocks

Analyst Opinion: 3.4Community Rank: 4.8Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -













Penn National Gaming (NASDAQ:PENN) Frequently Asked Questions

Is Penn National Gaming a buy right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Penn National Gaming in the last twelve months. There are currently 5 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Penn National Gaming stock.
View analyst ratings for Penn National Gaming
or view top-rated stocks.

When is Penn National Gaming's next earnings date?

Penn National Gaming is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Penn National Gaming
.

How were Penn National Gaming's earnings last quarter?

Penn National Gaming, Inc. (NASDAQ:PENN) issued its quarterly earnings data on Thursday, May, 5th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.43 by $0.14. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.53 billion. Penn National Gaming had a net margin of 6.16% and a trailing twelve-month return on equity of 10.91%. The company's quarterly revenue was up 22.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.55 EPS.
View Penn National Gaming's earnings history
.

How will Penn National Gaming's stock buyback program work?

Penn National Gaming announced that its Board of Directors has authorized a share repurchase program on Thursday, February 3rd 2022, which authorizes the company to repurchase $750,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 9.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.

What guidance has Penn National Gaming issued on next quarter's earnings?

Penn National Gaming updated its FY 2022 earnings guidance on Monday, May, 16th. The company provided EPS guidance of for the period. The company issued revenue guidance of $6.15 billion-$6.55 billion, compared to the consensus revenue estimate of $6.31 billion.

What price target have analysts set for PENN?

17 equities research analysts have issued 12-month price targets for Penn National Gaming's shares. Their forecasts range from $38.00 to $115.00. On average, they expect Penn National Gaming's share price to reach $67.28 in the next twelve months. This suggests a possible upside of 111.6% from the stock's current price.
View analysts' price targets for Penn National Gaming
or view top-rated stocks among Wall Street analysts.

What are Wall Street analysts saying about Penn National Gaming stock?
Here are some recent quotes from research analysts about Penn National Gaming stock:
  • 1. Berenberg Bank analysts commented, " (10/19/2021)
  • 2. According to Zacks Investment Research, "Shares of Penn National have underperformed the industry in the past year. The company reported second-quarter 2021 results, wherein earnings and revenues beat the Zacks Consensus Estimate by 25.8% and 5.7%, respectively. Moreover, both the metrics increased year over year. Notably, the company is confident about its long-term prospects, which will be supported by a differentiated omnichannel approach. Also, partnership with Barstool Sports is likely to drive revenues during the upcoming periods. Penn National continues to evolve toward the new generation of cordless, cashless and contactless technology, collectively known as 3C’s. Meanwhile, the company’s earnings estimates for 2021 have moved up over the past 30 days. However, impacts of the coronavirus pandemic and cut-throat competition in the gaming industry are concerns." (8/10/2021)
Who are Penn National Gaming's key executives?
Penn National Gaming's management team includes the following people:
  • Mr. Jay A. Snowden, CEO, Pres & Director (Age 46, Pay $1.47M)
  • Ms. Felicia Rae Kantor Hendrix, Exec. VP & CFO (Age 52)
  • Mr. Todd George, Exec. VP of Operations (Age 52)
  • Ms. Christine LaBombard, Sr. VP & Chief Accounting Officer (Age 52)
  • Richard Primus, Sr. VP & Chief Information Officer
  • Ms. Harper H. Ko, Exec. VP, Chief Legal Officer & Sec. (Age 48)
  • Mr. D. Eric Schippers, Sr. VP of Public Affairs & Chairman of the Penn National Gaming Foundation
  • Jennifer Weissman, Sr. VP & Chief Marketing Officer
  • Wendy Hamilton, Sr. VP & Chief HR Officer
  • Mr. Albert T. Britton, Sr. VP of Regional Operations (Age 65)
What is Jay Snowden's approval rating as Penn National Gaming's CEO?

30 employees have rated Penn National Gaming CEO Jay Snowden on Glassdoor.com. Jay Snowden has an approval rating of 87% among Penn National Gaming's employees.

What other stocks do shareholders of Penn National Gaming own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Penn National Gaming investors own include NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), DraftKings (DKNG), QUALCOMM (QCOM), Walt Disney (DIS), Square (SQ), Boeing (BA), Netflix (NFLX) and PayPal (PYPL).

What is Penn National Gaming's stock symbol?

Penn National Gaming trades on the NASDAQ under the ticker symbol "PENN."

Who are Penn National Gaming's major shareholders?

Penn National Gaming's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.71%), State Street Corp (3.26%), Charles Schwab Investment Management Inc. (1.13%), Renaissance Technologies LLC (1.07%), Earnest Partners LLC (1.00%) and Northern Trust Corp (0.78%). Company insiders that own Penn National Gaming stock include Carl Sottosanti, Christine Labombard, David A Handler, Jane Scaccetti, Jay A Snowden, Peter M Carlino and Saul Reibstein.
View institutional ownership trends for Penn National Gaming
.

Which institutional investors are selling Penn National Gaming stock?

PENN stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Group One Trading L.P., Verition Fund Management LLC, PEAK6 Investments LLC, Prelude Capital Management LLC, Private Advisor Group LLC, Shellback Capital LP, and Private Advisor Group LLC.
View insider buying and selling activity for Penn National Gaming
or view top insider-selling stocks.

Which institutional investors are buying Penn National Gaming stock?

PENN stock was purchased by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Fir Tree Capital Management LP, Earnest Partners LLC, Federated Hermes Inc., Sei Investments Co., Potrero Capital Research LLC, Dimensional Fund Advisors LP, and American Century Companies Inc..
View insider buying and selling activity for Penn National Gaming
or or view top insider-buying stocks.

How do I buy shares of Penn National Gaming?

Shares of PENN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Penn National Gaming's stock price today?

One share of PENN stock can currently be purchased for approximately $31.79.

How much money does Penn National Gaming make?

Penn National Gaming has a market capitalization of $5.30 billion and generates $5.91 billion in revenue each year. The company earns $420.80 million in net income (profit) each year or $2.239990 on an earnings per share basis.

How many employees does Penn National Gaming have?

Penn National Gaming employs 21,973 workers across the globe.

Does Penn National Gaming have any subsidiaries?

The following companies are subsidiares of Penn National Gaming: Abradoodle LLC, Absolute Games, Absolute Games LLC, Alton Casino LLC, Ameristar Casino Black Hawk LLC, Ameristar Casino Council Bluffs LLC, Ameristar Casino East Chicago LLC, Ameristar East Chicago Holdings LLC, Ameristar Interactive LLC, Ameristar Lake Charles Holdings LLC, Argosy Development LLC, Argosy Gaming Company, BCV (Intermediate) LLC, BSLO LLC, BTN LLC, Boomtown Biloxi Interactive LLC, Boomtown Casino Biloxi, Boomtown LLC, Bossier Casino Venture LLC, Bullwhackers Casino, CCR Pennsylvania Food Services Inc, CCR Racing Management, CHC Casinos Canada Limited, CHC Casinos Corp., CRC Holdings, CRC Holdings Inc., Cactus Pete’s LLC, Casino Magic Bay St. Louis, Casino Magic LLC, Casino Rama Services Inc., Central Ohio Gaming Ventures LLC, Dayton Real Estate Ventures LLC, Delvest LLC, Development Ventures LLC, Double Bogey LLC, First Jackpot Interactive LLC, Gaming Jet Services LLC, Greektown Casino-Hotel, HC Aurora LLC, HC Bangor LLC, HC Joliet LLC, HWCC-Tunica LLC, Hollywood Casino Corp, Hollywood Casinos LLC, Hostile Grape Development LLC, Houston Gaming Ventures Inc., Illinois Gaming Investors LLC, Indiana Gaming Company LLC, Kansas Entertainment LLC, LVGV LLC, Louisiana Casino Cruises, Louisiana-I Gaming a Louisiana Partnership in Commendam, L’Auberge Interactive LLC, Magnum Pinnacle Interactive LLC, Margaritaville Resort Casino, Marquee by Penn LLC, Maryland Gaming Ventures Inc., Massachusetts Gaming Ventures LLC, Mountain Laurel Racing Inc, Mountainview Thoroughbred Racing Association LLC, PHK Staffing LLC, PM Texas LLC, PNGI Charles Town Gaming LLC, PNK (BOSSIER CITY) L.L.C., PNK (Baton Rouge) Partnership, PNK (LAKE CHARLES) L.L.C., PNK (River City) LLC, PNK (SA) LLC, PNK (SAM) LLC, PNK (SAZ) LLC, PNK Development 33 LLC, PNK Development 7 LLC, PNK Development 8 LLC, PNK Development 9 LLC, PNK Vicksburg LLC, Penn ADW LLC, Penn Hollywood Kansas Inc., Penn Interactive Ventures LLC, Penn NJ OTW LLC, Penn National GSFR LLC, Penn National Holdings LLC, Penn National Turf Club LLC, Penn Online Entertainment LLC, Penn Sanford LLC, Penn Sports Interactive LLC, Penn Tenant II LLC, Penn Tenant III LLC, Penn Tenant LLC, Pennwood Racing Inc., Pinnacle Entertainment, Pinnacle Entertainment Inc., Pinnacle MLS LLC, Pinnacle Retama Partners LLC, Plainville Gaming and Redevelopment LLC, Prairie State Gaming, RIH Acquisitions MS I LLC, RIH Acquisitions MS II LLC, Rocket Games, Rocket Speed Inc., SDGV Staffing LLC, SOKC LLC, San Diego Gaming Ventures LLC, Silver Screen Gaming LLC, St. Louis Gaming Ventures LLC, The Missouri Gaming Company LLC, The Shops at Tropicana Las Vegas LLC, Toledo Gaming Ventures LLC, Tropicana Las Vegas Hotel and Casino, Tropicana Las Vegas Hotel and Casino Inc., Tropicana Las Vegas Inc., Tropicana Las Vegas Intermediate Holdings Inc., Villaggio Development LLC, Washington Trotting Association LLC, Yankton Investments LLC, Youngstown Real Estate Ventures LLC, Zia Park Casino Hotel & Racetrack, Zia Park Interactive LLC, Zia Park LLC, and eBetUSA.com Inc..

When was Penn National Gaming founded?

Penn National Gaming was founded in 1972.

What is Penn National Gaming's official website?

The official website for Penn National Gaming is www.pngaming.com.

How can I contact Penn National Gaming?

Penn National Gaming's mailing address is 825 BERKSHIRE BLVD STE 200, WYOMISSING PA, 19610. The company can be reached via phone at (610) 373-2400, via email at [email protected], or via fax at 610-373-4966.

This page was last updated on 5/23/2022 by MarketBeat.com Staff

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